GL TRADE has appointed Nicolas Lvy as CEO and Teifion Thomas as CTO of GL SETTLE. GL SETTLE is a London based GL TRADE subsidiary dedicated to the back office.
Following the acquisition by GL TRADE of Misys Securities Trading Systems last November, Nicolas Lvy has been appointed to manage and develop new business for Back Office solutions in GL TRADE.
Lvy joined GL TRADE in 1998 as Executive Vice President, Head of Marketing and Communications Group, which also included the remit of developing the Group through external growth and strategic partnerships. Prior to joining GL TRADE, he held senior operational and sales positions at Group Caisse des Dpots in Back Office custodial services. Lvy is now based in London where he is in charge of this 50 people company.
Teifion Thomas recently joined GL SETTLE as CTO. Thomas has over 25 years ‘ experience in the management, design and development of real-time banking and capital markets systems for software houses. Prior to joining GL SETTLE, Thomas was Managing Director of Unify Solutions Limited, providing consultancy to the Capital Markets arena. He is the chief designer and architect of RIMS (Real-time Integrated Multi-product Solution) developed by Synopsys bought out by MSTS and now marketed by GL SETTLE under the name of GL RIMS for the global solution and GL SECVISION for a full range of ‘off the shelf’ packages.
“This new operation is in line with GL TRADE’s strategy of driving profitable growth through pioneering new product solutions”, says Nicolas Lvy, “GL SECVISION is an innovative suite of international settlement solutions, which naturally complements and enhances GL TRADE’s electronic trading services worldwide.” “The continuous trends of concentrating, international trading, industrialisation and process integration up to delivery and payments (STP) create an increasing need for back office offerings, stand alone or integrated. We are now able to propose both to our customers. There is a continuous need for these offerings in the market”. “GL SETTLE’s offerings are already available as an ASP service making it extremely cost effective and easy to implement, and answering a strong market need” added Teifion Thomas.